Proposed Abolition of GST Audit – Is it good or bad for the taxpayers?
In the Finance Bill 2021, the Government has proposed to omit the requirement for the GST Audit under section 35(5). The main object for the...
Category : Blogs
Amendments related to Section 44AB proposed in Finance Bill 2021
In the Finance Bill 2021, the provisions related to Section 44AB i.e. provisions related to Tax Audit has been rationalised in order to incentivise the...
Possible reason for the mismatch between Table 8A and GSTR 2A
On 28th February 2021, the Government has extended the due date for furnishing the GSTR 9 and GSTR 9C for the FY 2019-20 which is...
Interest in GST to be levied on Net Tax Liability w.e.f. 01-09-2020
On 25th August 2020, Central Board of Indirect Taxes and Customs (CBIC) has notified the Notification No. 63/2020 – Central Tax in which it has...
E-Invoicing under GST – A Step-wise Process Guide
e-Invoicing under GST is no longer a future in India but is gradually becoming the present with its implementation from the next quarter: October 2020....
Decoding Section 271AAD – Penalty for false entry etc. In Books of Accounts
In order to curb the practice of false entries on account of false invoices in order to save the tax by the taxpayer, the Finance...
Relaxation of provisions of Rule 36(4) vide Notification no. 30/2020 dated 03-04-2020
With effect from 09-10-2019, a new rule 36(4) has been introduced in which the new manner of the input tax credit utilisation has been notified...
GSTR 9 and GSTR 9C for FY 2018-19 – Current problems in the GST Annual returns forms
As we all know that the GST professionals have just concluded the mammoth task of finalising and filing the GST Annual returns and GST Audit...
All about Section 194O – TDS on E-commerce transactions
On 1st February 2020, the FM has proposed the new section which shall be effective with effect from 1st April 2020 relating to the TDS...
All about voluntary striking off the name of Company from Register of Companies
In the current scenario, there are certain companies which are inoperative or not working from the date of the incorporation and are lying idol without...
Analysis of Rule 36(4) – Additional 20% ITC
On 9th October 2019, a notification has been issued by the CBIC regarding the introduction of Rule 36(4) which says about the provisional availment of...
Clarification on TDS on cash withdrawals applicable from 1st September 2019 onwards
Central Board of Direct Taxes (CBDT) has released a clarification on 30th August 2019 in which the clarifications have been made regarding the applicability and...
Clause wise analysis of Income tax amendments in Union Budget 2019
Taxcharcha LLP has compiled the clause by clause analysis of Income tax amendments proposed in Union Budget 2019. To download the publication, click here Anaysis...
New and amended TDS provisions proposed in Union Budget 2019
Insertion of Section 194M – TDS on payment by individual / HUF for contractual / professional services A new section 194M has been inserted effective...
Detailed analysis of Notifications issued by CBIC on 28th June 2019
Notification No. 26/2019-Central Tax Extension of GSTR 7 for the period from October 2018 to July 2019 till 31st Day of 2019. Notification No. 27/2019-Central...
Decoding GSTR 9A
To download the complete article, click here Decoding GSTR 9A...
Understanding the basics of GST Annual Return for Regular Taxable Person (GSTR – 9)
Introduction Section 44(1) read with Rule 80(1) stipulates every regular taxable person to file the Annual Returns under GST within the due date specified under...
Quoting of Permanent Account Number in Returns, Certificates and Correspondence with any Income Tax Authority
After demonetisation, there is a fear in everyone’s mind whether to submit their PAN to certain department or not or whether this transaction requires submission...
Summary of all Changes made by various GST Councils as applicable from 01st Feb, 2019
The GST Council from time to time has made certain changes in the GST Act to made it more powerful. On recommendations of the GST...
ALL ABOUT FORM DPT-3 INTRODUCED BY MINISTRY OF CORPORATE AFFAIRS
On 22nd January 2019, The Ministry of Corporate Affairs has notified The Companies (Acceptance of Deposits) Amendment Rules, 2019, which has come into force with...